morganspeirs morganspeirs
  • 22-07-2021
  • Business
contestada

7. Priscilla took out a loan for a new car. What is MOST likely to be TRUE about this process?

Respuesta :

Parrain
Parrain Parrain
  • 27-07-2021

Answer: D. The bank will hold the title of the car until her loan is paid off.

Explanation:

When a person uses a car loan to buy a car, the car itself is also used as collateral which means that if the person defaults on the loan, the bank is allowed to repossess the car.

In order to do this, the bank will hold the title of the car until the borrower is able to pay off the loan. Only then is the title properly transferred to the owner who is this case is Priscilla.

Answer Link

Otras preguntas

show the work and answer for 5550÷10 to the third power
Yvonne bought 4 7/8 yards of material to make a dress. If Yvonne wanted to make 3 dresses that use 4 7/8 yd of fabric each, explain how she could use estimation
Is cutting grass of physical or chemical change
GiVe one example of when you would make a frequency table to solve a problem
Why is terrorism important
An animal in which the space between the body wall and gut is completely filled with tissues and organs is called a(n) A. vertebrate. B. pseudocoelomate. C. coe
To what degree were the reform movements of the 1840s liberal or conservative?
Find the work done by a 25 N force applied for 6 meters.
Which is the most common safety rule to follow before leaving the lab?
Which African group rose up against the Dutch in South Africa? a. Bantu b. Zulus c. Bushmen d. Khoikhoi